AMA SESSION ON TELEGRAM RECAP: CWC × CRYPTOENTER

Hello everyone. We have the Representatives of Cryptoenter for today AMA session. We have Pavel Lvov and Andrey Sinyakov. It is a pleasure to have you here Sirs.. Please introduce yourselves and briefly tell us about your project.

Pavel Lvov: My name is Pavel Lvov and I’m CEO and Owner of Cryptoenter. I’ve been developing Cryptoenter for 3 years, put a lot of efforts and money into this project and finally the project has been appreciated by the industry giants such as IBM and Linux.

Over the past three years, we have developed a blockchain infrastructure for digital banking that will transform the banking sector and decentralize the relationship between users.

Question 2. Can you introduce your project? What makes the Cryptoenter project stand out more than other projects in the same direction at the moment?

Pavel Lvov: Cryptoenter is a blockchain ecosystem for digital banking that is already working and has more than 15 000 registered users!

Today, Cryptoenter is the only infrastructure solution that can include many banks interacting directly with each other, and the clients of these banks can interact with each other too. The ecosystem is self-sufficient and includes the functionality of DeFi, a marketplace, a social network for investors with a decentralized crowdfunding platform based on it.
Thanks to decentralization, Cryptoenter, in comparison with SWIFT, SEPA, VISA, Mastercard, PayPal has 3 times lower commissions: from 0.3% to 1 US dollar for transactions of any amount.

With the help of two private keys, Cryptoenter allows you to make transactions with each other according to predefined parameters, which allows you to make direct exchange, lending, staking. Cryptoenter decentralizes user relations in the banking sector, users interact directly with each other both within one and within several banks. This decentralizes the relationship of users with each other and with the bank and gives a new degree of freedom in making decisions about their own finances.
There is no comparable project on the market. Also we got awards from IBM.

Wow, this is a great achievement. Kudos to Cryptoenter team. So Andrey Sinyakov do you have anything to add?

Andrey Sinyakov: Pavel’s explanation is best. Also, I’d say that our project is not only unique on the market, but also represent evolutionary new project that will not compete with other solutions, but will enter the market smoothly and peacefully.

Question 3. What benefits will Lion token storage bring to it holders?

Pavel Lvov: LION token is a utility token that is used for covering transaction fees within Cryptoenter. It will be used by all participants of Cryptoenter. As the community grows, so will the demand for the token. Basically, by buying LION tokens, users are buying a prepaid service that they can both sell in the future to other users or use by themselves.

The volume of emissions and the timing of emissions of Lion tokens are detailed in the Whitepaper. It is calculated based on our forecast of the growth in the number of Cryptoenter users. As the number of clients grows, it will be necessary to maintain the number of tokens in the system. It will be similar to monetary policy. We will maintain the required amount of tokens required for the Cryptoenter to function. There shouldn’t be too many or too few of them. At the same time, the token is essentially a deflationary currency, and will rise in price at par. At the same time, the cost of transactions will not rise in price, since it will be calculated in the nominal value of the amount sent. The cost of one transaction will be 0.3%, maximum - 1 $ when sending any amount. Given the nature of the currency itself, all users who purchase the token will be able to earn money, since the demand for the token will grow, and the token will rise in price at par.\ with each other according to predefined parameters, which allows you to make direct exchange, lending, staking. Cryptoenter decentralizes user relations in the banking sector, users interact directly with each other both within one and within several banks. This decentralizes the relationship of users with each other and with the bank and gives a new degree of freedom in making decisions about their own finances.

We need Token Sale for scaling and marketing. We even called the token sale Market Expansion Offering (MEO). Thus, MEO is a prepaid service that will soon become highly demanded and make its owners rich.

More details here: https://youtu.be/kL4zgLMmHoM

Andrey Sinyakov: It’s expected huge demand for LION tokens for one simple reason: by connecting bank, Cryptoenter will get hundred thousands clients at once ! Needless to say how many clients Cryptoentet will get after connecting to several banks.. ten banks..hundred banks.. The demand will be HUGE.

Question 4. How do you intend to prevent lion token price from dumping?

Andrey Sinyakov: To prevent LION token from dumping, 10 percent of the funds will be reserved. After the token is available on the 1Inch exchange, these funds will be used to protect against a dump. Once presale is over, 60% of the raised funds will be distributed in DEX (like 1Inch, Moonswap, Curve e.t.c) liquidity. Similarly, 10% of the raised funds shall be used to buyback LION tokens after presale. This action will prevent people from dumping.

Pavel Lvov: I would also like to note that despite the possible increased demand for the Lion token and the possible increase in its value after listing on the exchanges, it is worth noting that next year there will be integration with several banks, which we are already working on now. This will lead to a large influx of new users to the Cryptoenter. Investment long-term expectations from the Lion token are more preferable.

Question 5. What types of services will lion token support?

Pavel Lvov: LION token is a utility token , that will be used for covering transaction fees on the platform. it's first role. The Lion token will also act as a link with other blockchains, it can be used inside Ethereum or other networks, it can be used in staking.

Andrey Sinyakov: To add to that. LION token will also be used in all transactions including p2p interaction between users, exchange of values in real time, crypto exchange operations (optional), digital acquiring, blockchain based social network for investors, within which the crowdfunding functionality is implemented. (for example for attracting funds to the project).

Question 6. Who are some business partner/clients for Cryptoenter?

Pavel Lvov: Cryptoenter has more than 15 000 registered users now and is conducting negotiations with several large banks now. During the development stage, the company-developer of Cryptoenter, Smart Block Laboratory was noticed by industry giants and became IBM silver business partner, Linux Silver member and Hyperledger general member.

We are now actively working to connect the two largest banks in Russia - more than 30 million users. We are also working through the Linux foundation to interact with other banks in the world and plan to start an active expansion in connection using IBM resources in 2021. I hope that we will not be stopped.

Andrey Sinyakov: One more thing about IBM Marketplace!

Cryptoenter has been recently added to the IBM marketplace, and we are completing setup and soon, through IBM, will be available for integration with banks around the world. It’s similar with mobile application in app store: any bank will be able to download Cryptoenter and integrate blockchain infrastructure for digital banking in two clicks.

Question 7. What are the memorable milestones of Cryptoenter in the research and development process?

Pavel Lvov: Cryptoenter has been in development for 3 years, during the development the company’s efforts were noticed by industry giants, IBM, Linux and Hyperledger, and the developer company became an IBM Silver Business Partner, a Silver Linux Foundation Member, Hyperledger General Member. The solution is launched and ready to use. Cryptoenter won the IBM award for "Most Promising Blockchain Fintech Solution Using IBM Cloud."

Cryptoenter was recently added to the IBM Marketplace to enable fast integration with IBM clients, including banks around the world.
Our greatest achievement that we have is that the project has been added to the IBM marketplace. For us, this is a fast path to integration with banks around the world. IBM is a global company that has offices around the world. Cryptoenter can simultaneously integrate with several dozen banks.

Andrey Sinyakov: IBM interacts with and services more than 95% of the world’s banks - and this is almost 11,000 banks. We are flying to the moon.

Question 8. What are the major challenges of Cryptoenter in the Crypto industry and how do you intend to solve them.

Pavel Lvov: Before the implementation of Cryptoenter, the communication between the client and the bank was one-way and was like a radio signal. The implementation of the Cryptoenter can be compared to the invention of the telephone. Users of different banks will be able to exchange information with each other in real time. Thus, Cryptoenter is changing the banking world, just as the invention of the two-way telephone changed the world in the era of radio.

"Сreating a product is one problem. Another problem is to bring it to market. There are more than 11,000 banks in the world. Top 10 banks are $ 10 trillion. The entire crypto world is a pixel in relation to the fiat world. To unite these banks into a single blockchain network, ordinary life is not enough. That was the main challenge for us during the development.

Also, blockchain infrastructure for digital banking Cryptoenter solves the problem of combining fiat and crypto world. Banks become validators on the network and millions of users of these banks gain access to the crypto industry.

Session one ends and session two begins.

See also AMA session recap on YouTube: https://youtu.be/dIHqDoTGUsc

For full AMA session, visit: https://t.me/iBlockGames/62939

CRYPTOENTER SOCIAL COMMUNITIES:

Group: https://t.me/bbidb

Channel: https://t.me/cryptoentercom

Follow on Twitter: https://twitter.com/cryptoentercom

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Medium: https://medium.com/@cryptoenter/
Website: https://cryptoenter.com/market-expectation-offering?utm_source=ama&utm_medium=iBlockGames

AMA session hosted by CWC